A key element in Chanel’s long-term strategy is building a network of suppliers, some of which it invests in. The latest is Mantero, one of Italy’s greatest silk manufacturers and printers. Silk screen printing of a Chanel design at Mantero’s atelier. – Copyright Chanel Located in Como, the nerve center of the Italian silk-making industry,…
Rixo’s accounts for the year to last June have just been filed and they show an interruption to the buoyant sales performance it had seen in the previous financial year. Rixo For 2023/24, revenue dipped to £18.7 million from £19 million in what the company said was an “uncertain market with subdued consumer spending in…
The private equity giant Blackstone is weighing taking a small stake in TikTok ahead of an April 5 deadline set by President Trump for the Chinese-owned app to change its ownership or face a U.S. ban under federal law, two people familiar with the situation said. Investing in TikTok would give Blackstone the chance to…
To win the artificial intelligence race, Google not only has developed its own technologies, but has also pumped money into prominent A.I. start-ups. And to preserve its competitive edge, Google has kept its ownership stakes in those start-ups a secret. Court documents recently obtained by The New York Times reveal Google’s stake in one of…